The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-28
CONDITION OF THE MARKETS
After Three Days Vacation, All Com
modities Open with Bullish Tone.
Light Receipts Of Hogs Cause a Firm Feeling
in Pork-Wheat and Corn Show Great
Strength and Command Higher Prices.
MONEY. BONDS AND STOCKS.
New York Reports Moderately Active and
Decidedly Strong Market

New York Reports Moderately Active and
Decidedly Strong Market.
NEW YORK, Dec. 2L.-Money call was
easy at TO per cent, the last loan being
made at g. closing offered at 3 TO 6.
Prime mercantile paper, 6 oh per cent.
Sterling exchange was dull but steady at
s4s24 for sixty.day bills, AID 81 $50 for de-
mand.
The total sales of stocks to-day we're 254 16I
shares, including the following: Canada
Southern. 4.535; Delaware, Lackawanna &
Western, 1910; Erie. s.4oo; Lake Shore. 1928;
Missouri Pacific, 3, $50; Northwestern, $3.50;
Reading. 101, $50; Richmond and West Point,
6,525; St Paul. IL. $40; Union Pacific, 1880;
Western Union. $4,000
The stock market was moderately active to-
day, and strong all the way out after a decid-
edly weak opening, the coal stocks being the
special features of the trading. There
some pressure to sell for the London account,
which made a weak opening Though the
bears" and professionals put out fresh
short lires there good buying by the cliques
and to moderate degree by the commission
houses. Rumors were early circulated that the
strike on the Reading about to collapse,
which stimulated purchases for the speculative
account, and on the confirmation of the rumor,
tne shorts in the coal stocks especially,
'swelled the number of buyers. The dealings IN
ment in the early morning, but Lackawanna
afterward took the lead and shot up rapidly,
carrying the general list beyond the best prices
of Saturday. The prompt and firm action of
the Reading company did a great deal to restore
and preserve confidence, and halt was made
III the upward movement when
fairly started. The news of the day, beyond
that mentioned, was not of special i'm portance,
and had iitts effect on prices. Among the other
stocks which became noticeable for siren gin
were Missouri Pacific and Canada Southern,
though the amount of business done in either
was smaller The opening weak, at declines
OF from 1 to per cent, but Jersey Central
off and Reading l. on the effect OF the strike.
the market reacted quickly from these figures
. however, and advanced all along the line
though Jersey Central and Reading, and after
wards Laekawarna, were most prominent for
the strength displayed. The market showed
little animation outside OF few leading stocks
however, and the dealings in most of the list
were devoid OF feature except sympathy with
Tho improvement ia prices. There set
back Of importance, though small reactions
Cured before and in the last hour. The
advance, however, ceased only with the highest
prices of the day The list is generally higher
tonight, though Wabash preferred lost IL per
aud Wheeling IL Lake Erie II each, and
Jersey Central and Missouri Pacific each.
Railroad bonds were quiet but generally firm;
81, to 129; Lake Shore first. coupons, %, 129;
Michigan Central fives, of 10 OF, TO 10. and Min
neapos 81 St Louis equipment skies, 81 to 524.
Government bonds dull but firm.
State bonds quiet, but steady and firm. Clos
ing quotations